Shares of Micron Technology, Inc., (MU) surged on Wednesday's trading session, after the company reported its financial results

Online PR News – 09-January-2014 – Las Vegas, NV – Shares of Micron Technology, Inc., (MU) surged on Wednesday's trading session, after the company reported its financial results. For the first quarter of fiscal 2014, MU posted revenues of $4.04 billion, a 120% increase year over year, and GAAP net income attributable to MU shareholders of $358 million, or $0.30 per diluted share, compared to GAAP net loss of ($275) million, or ($0.27) per diluted share in the same period the prior year. Cash flows from operations for the first quarter of fiscal 2014 were $1.51 billion, while investments in capital expenditures were $669 million. MU ended the first fiscal quarter with cash and marketable investments of $4.41 billion. MU, together with its subsidiaries, manufactures and markets semiconductor solutions worldwide More about Micron Technology, Inc., (MU) at www.micron.com